Financial Results : Marble Design 2024 profit retreats 71% to SAR 6.5M; H2

Marble Design 2024 profit retreats 71% to SAR 6.5M; H2

23/03/2025 Argaam Exclusive

View other reports

Marble Design Co.’s net earnings tumbled by 71% to SAR 6.5 million in 2024, from SAR 21.9 million in the year before.



Financials (M)

Item 2023 2024 Change‬
Revenues 51.18 44.54 (13.0 %)
Gross Income 32.45 19.69 (39.3 %)
Operating Income 22.50 7.46 (66.8 %)
Net Income 21.91 6.47 (70.5 %)
Average Shares 6.00 6.00 -
Earnings Per Share before unusual items (Riyals) 3.65 1.08 (70.5 %)
EPS (Riyals) 3.65 1.08 (70.5 %)

The annual profit decline was attributed to a 12.99% year-on-year (YoY) fall in the full-year sales to SAR 44.53 million. This is besides forming a SAR 5.4 million impairment provision for inventory.
 

In H2 2024, the company swung to a net loss of SAR 2.3 million, against SAR 11.27 million in net profit in H2 2023.
 

Marble Design posted a net profit of SAR 8.79 million in H1 2024.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 24.39 18.18 (25.5 %)
Gross Income 14.78 3.34 (77.4 %)
Operating Income 12.37 (2.07) (116.7 %)
Net Income 11.27 (2.32) (120.6 %)
Average Shares 6.00 6.00 -
Earnings Per Share before unusual items (Riyals) 1.88 (0.39) (120.6 %)
EPS (Riyals) 1.88 (0.39) (120.6 %)

Shareholders’ equity, no minority interest, contracted to SAR 85.25 million as of Dec. 31, 2024, compared to SAR 99.11 million a year ago.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.